On Monday, Shares of Microsoft Corporation (NASDAQ:MSFT), gained 0.64% to $46.92.
Microsoft Corp. and General Electric (GE) have signed a contract to deliver Microsoft’s cloud productivity suite Office 365 to GE’s more than 300,000 employees across 170 countries worldwide.
GE’s IT organization, which is recognized as one of the most planned and forward-thinking among large enterprises worldwide, selected Office 365 based on Microsoft’s ability to deliver rich productivity experiences at massive scale across devices and platforms, in addition to its ability to rapidly and reliably deploy to GE’s large global employee population. Specifically, Office 365 will provide several key benefits to GE and its employees, counting these:
- A comprehensive and integrated set of productivity capabilities counting email, Skype for Business calling and meetings, real-time document co-authoring, and team collaboration
- Extensibility of the Office 365 platform, which will enable GE to enhance the capabilities of critical line-of-business applications by connecting to Office 365 through open APIs
- IT controls and security capabilities that enable GE to provide employees with secured access to information and full productivity capabilities on a multitude of devices, while adhering to corporate policies, industry regulations and legal requirements.
Microsoft Corporation develops, licenses, markets, and supports software, services, and devices worldwide. The company’s Devices and Consumer (D&C) Licensing segment licenses Windows operating system and related software; Microsoft Office for consumers; and Windows Phone operating system.
Shares of The Dow Chemical Company (NYSE:DOW), declined -1.27% to $50.52, during its last trading session.
The Dow Chemical Company, declared that it has received a favorable private letter ruling from the U.S. Internal Revenue Service with respect to the projected transaction involving a noteworthy portion of Dow’s chlorine value chain and Olin Corporation.
As formerly declared on March 27, 2015, Dow and Olin reached a definitive agreement under which Dow will separate its U.S. Gulf Coast Chlor-Alkali and Vinyl, Global Chlorinated Organics and Global Epoxy businesses, and then merge these businesses with Olin in a Reverse Morris Trust transaction. The merger will result in Dow shareholders receiving at least a majority of the shares of Olin, with existing Olin shareholders owning the remaining shares. The transaction has a tax efficient consideration of $5 billion, and a taxable equivalent value of $8 billion to Dow and Dow shareholders.
The Dow Chemical Company manufactures and supplies products that are used primarily as raw materials in the manufacture of customer products and services worldwide. It operates through Agricultural Sciences, Consumer Solutions, Infrastructure Solutions, Performance Materials & Chemicals, and Performance Plastics segments.
Finally, Steel Dynamics Inc. (NASDAQ:STLD), ended its last trade with -2.03% loss, and closed at $18.78.
Steel Dynamics, declared second quarter 2015 adjusted net income of $53 million, or $0.22 per diluted share, and adjusted operating income of $120 million, which excludes the following items:
- Not taking into account non-controlling interests, about $29 million, or $0.07 per diluted share, of expenses associated with the second quarter 2015 long-term idle of company’s Minnesota Operations. These costs comprise non-cash inventory valuation adjustments of about $21 million.
- About $9 million, or $0.02 per diluted share, of reduced earnings related to a planned furnace maintenance outage at Iron Dynamics that generally is required once every five years.
Counting these items, the company stated second quarter 2015 net income of $32 million, or $0.13 per diluted share, on net sales of $2.0 billion.
Steel Dynamics, Inc., together with its auxiliaries, manufactures and sells steel products, processes and sells recycled ferrous and nonferrous metals, and fabricates and sells steel joist and decking products in the United States and internationally.
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